Coface Obtains Credit Insurance License in Morocco to Strengthen Leading Position in Africa
Global credit insurer Coface has obtained a license for insurance and reinsurance activities in Morocco, extending its product offering in the country. Since 2007, Coface has delivered collections and information services to Moroccan companies, which can now benefit from Coface's expertise in credit risk protection, supported by the largest international credit insurance network.
This new direct offer boosts Coface’s strong presence in Africa, where the company is already the credit insurer with the largest network of direct offices. Coface’s 120 experts located in Morocco, West and Central Africa are helping companies develop both their domestic and export markets.
"We are focused on Africa, a highly strategic region where Coface is maintaining its leadership. Coface operates in 14 countries in Africa and is consolidating its position as the premier pan-African network. Morocco is at the heart of our regional ambitions. In a market with high potential, this new license will allow us to be even closer to our customers, offering them tailor-made solutions for business development that match their requirements – whatever their size. Our recent product innovations - such as CofaMove and soon Easyliner in Morocco - will open up new perspectives to our clients and local prospects for better risk management. Enterprises can also benefit from Coface Global Solutions, a unique structure that is dedicated to multinational companies,"commented Jean-Marc Pillu, CEO of Coface.